Released: October 28, 2008

ATM and bounced check fees rise again

Source: Associated Press, (LA Times) (Free Registration)

Reporting from New York—You could be in for higher fees if you don’t keep an eye on your checking account. Fees for bounced checks and withdrawing cash from an out-of-network ATM rose again this year, according to a survey released Monday by Bankrate.com.

he average cost of using another bank’s ATM is now $3.43, while a bounced check now costs an average of $28.95, up 2.5% from a year ago, according to the survey. The good news is that avoiding such fees is easy.

“With 24-7 online access to your accounts, there’s really no excuse for losing track of your balance anymore,” said Greg McBride, senior financial analyst with Bankrate.com

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